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Ki Young Ju, founder and CEO of on-chain analytics platform CyproQuant, believes meme coins can find order and reduce chaos. He made this statement in a post shared on X in response to the predictions of memecoin analyst Murad Makhmudov.
Popular memecoin analyst Murad Mahmudov highlighted the relevance of memecoins in the broader crypto market and made a bullish long-term prediction at the Token2049 crypto event in Singapore.
Makhmudov predicted that memecoin, currently valued at $40 billion, will have a market capitalization valuation of $1 trillion. The analyst also shared that more than 10 meme coins will reach a market cap of over $10 billion.
In response, Ki Yong-joo said that meme coins can increase their relevance by solving social problems, which could improve the asset status of meme coins. Ju believes the donation is a pathway for memecoin to strengthen its importance across the broader crypto market.
He added that donations are the most relative means to order, and investors, even conservatives, are more likely to invest if the investment feels like a donation.
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Cryptocurrency supporters expressed interest in purchasing meme coins associated with World Vision, a Christian nonprofit organization.
Meme coins are chaotic, but you can find order.
If you can help solve social problems, your asset status may also improve. If the investment is like a donation, even conservatives might accept it.
Donations seem to be the most viable way to order. If you want to buy @WorldVision meme coin. https://t.co/1E8coiunoy
— Ki Young-ju (@ki_young_ju) October 7, 2024
Ethereum co-founder talks about meme coins and crypto donations
Ethereum co-founder Vitalik Buterin has made similar statements about meme coins. Buterin said donating Memecoin was meaningful and used it to donate to charity.
In a recent tweet, Buterin revealed that he donated meme coins to airborne disease control technology after receiving 10 billion worth of MooDeng as a gift. In addition, he donated the bull token that was presented to him. Buterin proposed creating a community-focused DAO to enhance the memecoin donation process.
“I’ve said before that I think the best thing for memecoins is to achieve the maximum positive sum for the world, so it’s great to see the moment that actually happens!” Buterin wrote .
At the time of reporting, the market recorded a 1.69% increase in market capitalization from the previous day, bringing the global cryptocurrency market capitalization to $2.13 trillion. Major meme coins such as Dogecoin and Shiba Inu lost a total of 10% of their profits within 24 hours. Both are trading at $0.1074 and $0.00001719, respectively.
